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Oil prices declined today, Tuesday, with Brent contracts falling to $91.49 per barrel and West Texas contracts dropping to $88.18 per barrel. This comes amid tensions related to Iran's downing of an American helicopter over the Strait of Hormuz and statements from U.S. President Trump promising a necessary response to the attack. These developments have led to a decrease in expectations of a soon peace agreement between Washington and Tehran, impacting market flows and global oil prices.
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